Campaign India Team
Jan 31, 2011

Sandeep Goyal resigns from Dentsu-Mogae companies, to remain chairman

Goyal sells 26% stake; Tanya Goyal to become advisor

Sandeep Goyal resigns from Dentsu-Mogae companies, to remain chairman

Dentsu Inc. announced today that it has purchased the respective 26% equity stakes held by Mogae Consultants Pvt. Ltd. (President: Sandeep Goyal; Office: Mumbai, India; hereinafter “Mogae”) in Dentsu Communications Pvt. Ltd., Dentsu Marcom Pvt. Ltd. and Dentsu Creative Impact Pvt. Ltd., three full-service advertising agencies established as joint ventures between Dentsu and Mogae. 

As part of a strategy to grow the Dentsu brand in India, the three companies, together with other companies under the Dentsu Communications umbrella that includes Dentsu Mediatech and Clickstreamers, were integrated into an organization referred to as the Dentsu India Group. 

In accordance with the terms of the transaction, Sandeep Goyal, the incumbent Chairman of the Dentsu India Group, will resign his position. He will also resign from the boards of the three advertising agencies. Goyal will, however, continue to support the Dentsu India Group as its founder chairman. Tanya Goyal will also resign from the boards of directors and will become a principal advisor to the Dentsu India Group.  

Source:
Campaign India

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